Global Pet Food Packaging Market
Inkwood Research predicts that the Global Pet Food Packaging Market is evaluated to register a CAGR of seven.34% when it comes to revenue through the forecasted years of 2021-2028.
“Browse 49 Market Data Tables and 53 Figures spread over 180 Pages, together with an in-depth TOC on the Global Pet Food Packaging Market Forecast 2021-2028.”
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Packaging has a central role in a product’s marketability. Within the case of pet food packaging, exterior design, material type, and thickness are vital with regard to marketability. The growing concerns regarding pets’ heath are boosting the adoption of advanced and spill-proof pet food packaging to take care of the standard.
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Premiumization & Branding of Pet Foods drive Market Growth
Pet humanization is considered one of the surging and largest trends within the pet care industry. Brands are specializing in pet health, sustainability, and food safety to achieve consumers’ loyalty and trust. It’s because, with increasing prioritization of pets’ wellness, consumers are inclined to spend more on pets’ food. At the identical time, consumers are informed concerning the science of pet nutrition. This has resulted within the expansion of specialty and premium pet food options. As well as, there was a rise in packaging solutions for refrigerated and high-protein options.
Further, the premiumization and humanization of pets have been consistent, facilitating modern trends. The growing sustainability and ethical expectations of pet owners offer growth opportunities. Besides, pet treats and premium pet food markets are competitive. Consequently, brands are assessing every detail of their offerings to remain ahead of the competition. Such points drive the worldwide pet food packaging market growth.
Frozen Food is the Fastest-Growing Food Type
Raw pet food products are either complementary or complete. They can be found in frozen or freeze-dried formats. These have a natural moisture content of virtually 65%. Also, complete diets contain a proportion of herbs, vegetables, and fruits. As well as, refrigerated pet food packaged in plastic containers is put through the retort process for sterilization. It’s a longtime technique amongst pet food producers to make sure product quality. At the identical time, the understanding and awareness of sterilization and processing methods are essential for developing the optimum package for frozen food containers.
North America is the Largest Region
The pet adoption rates are higher in North America, with rising pet humanization and animal shelters. Consequently, the pet food industry is prospering alongside the packaging industry. As well as, the growing awareness about pet euthanization and pet homelessness are contributing to rising pet adoption rates.
Further, the increasing need for exhaustive product offerings and differentiation is benefiting the general growth of the North American market. With growing pet humanization, the fabric requirement is on the rise. Furthermore, packaging firms are specializing in packaging materials and products, consistent with the surging demand for packaged food products for pets.
The high market completion is attributed to strategic partnerships. Amcor Plc, Sonoco Products Company, Huhtamaki OYJ, Mondi Plc, Constantia Flexibles, etc., are amongst the important thing market players.
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GLOBAL PET FOOD MARKET : https://inkwoodresearch.com/reports/pet-food-market/
GLOBAL ASEPTIC PHARMA PROCESSING & PACKAGING EQUIPMENT MARKET : https://inkwoodresearch.com/reports/aseptic-pharma-processing-and-packaging-equipment-market/
GLOBAL MICRO-PERFORATED FOOD PACKAGING MARKET : https://inkwoodresearch.com/reports/global-micro-perforated-food-packaging-market-2/
GLOBAL FLEXIBLE PLASTIC PACKAGING MARKET : https://inkwoodresearch.com/reports/flexible-plastic-packaging-market/
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